Funds

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

Morgan Stanley has upped its price target on Hargreaves Lansdown by 50% after the bank's analysis suggested consumers are prepared to pay more for advice and platforms than previously anticipated.

The Association of Investment Companies (AIC) is putting together a list of shares and securities independent advisers can continue to recommend after restrictions on their use of higher-risk unregulated investments come into force next year.

Wealth management giants including Rathbones, Towry and Quilter are said to be looking at a £50m acquisition of Jupiter's private client business, and a sale now could enable the group to pay a special dividend to shareholders, analysts have said.

Transact has said it will halve both its buy commission and dealing charges from 1 March.

Hargreaves Lansdown co-founder Stephen Lansdown has cleared £35m of debt from the balance sheet of Bristol City, the football club in which he holds a majority stake.

J.P. Morgan Asset Management (JPMAM) is to discontinue third party funds on its Wealth Manager Plus D2C platform.

Source has listed a physically replicated Chinese A-Share ETF on the London Stock Exchange, following in the footsteps of Deutsche Bank.

Allfunds Bank has appointed Danny Wynn, former platforms director at Legal & General, as head of fund groups for UK, Ireland and Middle East.

Hargreaves Lansdown is to unveil its long-awaited unbundled pricing model on 15 January.